Builder welcomes $15,000 grant

A MASSIVE increase in the grant for first homebuyers on a newly constructed property has been welcomed by local builders.

Premier Campbell Newman said first homebuyers would receive $15,000, up from $7000, when purchasing a newly constructed home or property off the plan, under the re-shaped First Home Owner Construction Grant.

Kerry Campbell in Hervey Bay said the increase was great news for the Fraser Coast building industry.

While his business, Kerry Campbell Homes, has a number of projects going at the moment, Mr Campbell was most excited about what the news would mean for the $50 million development he is undertaking on Doolong South Rd in Kawungan.

This development will fall under the Federal Government's Building Better Regional Cities program which brings a $10,000 rebate for purchasers.

When this is combined with the State Government's $15,000 grant, it means that first homebuyers who purchase one of the Kawungan houses next year could get $25,000 in total to help them out.

"It is a boost for the building industry and also a great help for first homebuyers," Mr Campbell said.

The first 27 out of a proposed 155 lots in the Kawungan development are due to be completed next year.

Premier Newman said: "This great initiative will entice more people into the property market and make home ownership more affordable."